Equity to Asset ratio is calculated as total stockholders equity divided by total asset. DaChan Food (Asia)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,314 Mil. DaChan Food (Asia)'s Total Assets for the quarter that ended in Dec. 2023 was HK$4,139 Mil.
Therefore, DaChan Food (Asia)'s Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.56.
The historical rank and industry rank for DaChan Food (Asia)'s Equity-to-Asset or its related term are showing as below:
HKSE:03999'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.41 Max: 0.58
Current: 0.56
During the past 13 years, the highest Equity to Asset Ratio of DaChan Food (Asia) was 0.58. The lowest was 0.38. And the median was 0.41.
HKSE:03999's Equity-to-Asset is ranked better than 53.84% of 1928
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs HKSE:03999: 0.56
DaChan Food (Asia) Equity-to-Asset Historical Data
The historical data trend for DaChan Food (Asia)'s Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of DaChan Food (Asia)'s Equity-to-Asset
For the Packaged Foods subindustry, DaChan Food (Asia)'s Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
DaChan Food (Asia)'s Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, DaChan Food (Asia)'s Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where DaChan Food (Asia)'s Equity-to-Asset falls into.
DaChan Food (Asia) Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
DaChan Food (Asia)'s Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
DaChan Food (Asia) Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of DaChan Food (Asia)'s Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
DaChan Food (Asia) (HKSE:03999) Business Description
DaChan Food (Asia) Ltd is an investment holding company. It operates through three segments namely, the Chicken Meat segment which carries on a business of broiler farming, hatching of broiler breeder eggs, contract farming, processing and marketing of chilled and frozen chicken meat marketed under the brand of DaChan and Sisters' Kitchen; The Livestock feeds segment manufactures and distributes complete feed, base mix and pre-mix for swine, layer, broiler, duck, and breeder poultry under the brands of Dr. Nupak, DaChan, and Green Knight; and The Processed food segment produces and distributes pickled, pre-fried, and instant food. The geographical regions of the group are The PRC, Japan and Rest of Asia Pacific.
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